A NEW MODEL
Eusoh was a radical new model that offered customers the same protection as best in class insurance products, but at a game changing price discount. Behind this new paradigm was a game changing approach to managing risk through community loss-pooling, a lighter capital structure, and significant changes in customer behaviour.
Eusoh launched into the US pet market in 2018 and demonstrated 50% savings for customers in their first year.
Insurtech Gateway led their $1.3m Seed round in February 2021.
Sadly, the US regulators were not ready for this revolutionary model and Eusoh ceased trading in 2022.
Allen Kamrava, M.D. M.B.A. F.A.C.S. F.A.S.C.R.S.
- Previously Roles: Deloitte, Alba Advisors, BentleyForbes.
- Dually board-certified surgeon, teaching faculty department of surgery at Cedars-Sinai Medical Center.
- Ranked Top Surgeon in Los Angeles since 2014.
Eusoh was founded in 2017 by Allen, with a vision for organising the power of community to provide a better, more affordable way for people to manage and share the unexpected expenses of life. The name Eusoh is derived from the term eusociality, the highest level of social organisation in nature.
“Many insurance categories are locked in price wars that they cannot sustain. Eusoh had the potential to be the next paradigm. The impact this could have had, not only of the pet sector, but on healthcare and other critical areas of insurance, is significant.”
Stephen Brittain, Co-Founder at Insurtech Gateway.